Anthony Tan, Ian Mcintyre and David Tan at the Malaysia-Thailand Technology and Business Partnership dialogue in Langkawi
THE Federation of Malaysian Manufacturers (FMM) wants its members to consider joint venture operations in a third country with their Thai counterparts.
President Datuk Mustafa Mansur told StarBiz that setting up joint ventures in a third country was one of the areas in the memorandum of understanding signed yesterday with the Thai government.
“We can look into establishing an operation in a third country to manufacture halal consumer products. The market for such items is enormous as halal items include not only food but also certain healthcare products,” he said.
“Other economic activities we can explore with our counterparts in Thailand are automotive industry, eco-tourism, food caning and information technology. They can exchange knowledge, research feedback, and conduct joint research and development,” he said.
Mustafa said: “We have some 30% of our 2,000 members exporting to Thailand and other countries.”
Earlier, International Trade and Industry Minister Datuk Seri Rafidah Aziz said the business communities of Thailand and Malaysia should spearhead joint efforts in the market and strategise to work together for economic synergy.
“Industry and trade associations should move beyond the traditional club activities to identify potential companies that can realise viable joint ventures and business collaboration in selected sectors, and which lend themselves to cross-border management,” she said in her working paper on Catalysing Intra-Regional Trade And Investment Through Technology and Economic Integration.
Rafidah added that Asean governments must work out intra-Asean policies that could apply on a cross-border basis, and which had the necessary element of “Asean priority” and “Asean preferential treatment”.
“Such deliberate policies to effect greater economic integration can indeed create the necessary enabling environment for business,” she said.
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